cancel
Showing results for 
Search instead for 
Did you mean: 

New to myFICO/Need help Improving 500 Credit Score

tag
Anonymous
Not applicable

Re: New to myFICO/Need help Improving 500 Credit Score

The secure cc has a $0 balance.  I've been using it monthly just to show payment history, but using 10-30% utilization each month.  I have had it for 3-4 years now, but mismanaged it in the past.  So, now I'm trying to rebuild good payment and utilization history.

 

Also, I wanted to add that I got approval for the Cap 1 QS card.  If I apply for another one, what type of Cap 1 card should I apply for?

Message 11 of 16
Anonymous
Not applicable

Re: New to myFICO/Need help Improving 500 Credit Score


@Anonymous wrote:

The secure cc has a $0 balance.  I've been using it monthly just to show payment history, but using 10-30% utilization each month.  I have had it for 3-4 years now, but mismanaged it in the past.  So, now I'm trying to rebuild good payment and utilization history.

 

Also, I wanted to add that I got approval for the Cap 1 QS card.  If I apply for another one, what type of Cap 1 card should I apply for?


I would suggest apping for the Platinum card. You can later upgrade it to QS card. You may have to close the secured account first. They have told me a couple times now that I'm limited to two accounts.

You would also be a good candidate for the Barclays Reward card.

Message 12 of 16
Anonymous
Not applicable

Re: New to myFICO/Need help Improving 500 Credit Score

Okay, I will try these steps.  I will give it a couple of months before applying, because I don't want to keep having my credit ran.  I'm concern that my score will go down.  Also, I want to wait for some of these items to fall of my report within the next 30 days and see if my score increases.  I will keep you posted.  I really appreciate your suggestions.

Message 13 of 16
Anonymous
Not applicable

Re: New to myFICO/Need help Improving 500 Credit Score

Wow, nice job. I'm struggling to make any gains the last few months, even tho I have done nothing wrong. FICO just seems weird and unpredictable sometimes. I can see you should be in the 600 club before the end of the year!

Message 14 of 16
Anonymous
Not applicable

Re: New to myFICO/Need help Improving 500 Credit Score

Hammer, whats your current situation?

Message 15 of 16
Anonymous
Not applicable

Re: New to myFICO/Need help Improving 500 Credit Score

@NormanFH, so I didn't want to apply for the Capital 1 Platinum unsecure, but today I decided to apply to a Navy Federal nrewards Visa card. I was approved for a $10K credit limit. OMG, this is my largest credit card. I just wanted to thank you again for sharing information with me.

Message 16 of 16
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.